Should we blame the geeks?

Buried away in the Guardian technology section is a fascinating story that suggests that automatic trading by computers has been a contributory factor in the financial crisis.

It might be better to see this as a symptom, rather than a cause. Computer trading in products that few can understand is a result of a particular model of how banking and finance should work – one that now ought to go.

Written by Nigel Stanley

I was the TUC’s Head of Campaigns and Communications until semi-retiring in May 2015, I started at the TUC in 1994.
My interests cover a wide range of communications and politics related issues, but if I have a specialist subject, it's pensions…